Drones and the Future of Lessors of Real Estate Property
Overview
The emergence of drone technology is opening up new horizons for lessors of real estate property. This guide shines a light on the rapid proliferation of drones and its potential impact on the real estate industry, outlining the potential benefits, challenges, and projected future trends. Herein, we touch upon increasing drone usage statistics, surveys highlighting drones' influence on real estate properties, and market forecasts confirming the growing importance of drone technology in real estate.
Drone Usage and Its Influence on Real Estate Property Management
In the United States, the Federal Aviation Administration (FAA) projects that the number of commercial drones could as much as triple by 2023, reaching approximately 835,000. As drone technology continues to evolve, this growth trajectory is poised to revolutionize multiple industries, and the real estate sector is no exception. Drones have begun to play an instrumental role in real estate management, aiding lessors in property inspection, tenant attraction, and marketing efforts. A recent survey by the National Association of Realtors revealed that 44% of respondents said they would be more likely to rent a property if the property listings were accompanied by drone footage. This represents a significant opportunity for lessors to utilize drone technology to attract potential tenants and increase their property visibility in a crowded market.
The Challenges and Potential Solutions
While the benefits of drone technology are evident, its adoption among lessors is not without challenges. Among them, drone operation and safety regulations, data privacy concerns, and potential property damage risks stand prominent. Despite these challenges, technological innovations, particularly in drone safety and reliability, are paving the way towards addressing these concerns. For example, robust drone software developed by companies like 3Laws Robotics can enhance safety as well as the reliability of drone operations. 3Laws' software, 3Laws Supervisor, is designed with Control Barrier Functions (CBFs), a technology that claims to provide mathematically provable safety.
Market Projections
As per Goldman Sachs, the global drone market is expected to reach $100 billion by 2020, with the real estate and construction sector earmarked as potential primary contributors. With increasing regulatory support and continuous technological advancements, the adoption of drones in real estate is expected to further escalate. Predictions suggest that by 2025, about 22% of the commercial drone market could consist of real estate, representing an unprecedented shift in how lessors manage and market their properties.
Key Takeaways - Drone technology adoption in real estate is growing rapidly, with potential applications including property inspections, tenant attraction, and marketing. - Lessors can leverage drone technology to enhance property visibility and stand out in the market. - Despite regulatory and safety challenges, technological advancements are paving the way for safe and effective drone deployment in real estate. - The global drone market is on a growth sprint and estimated to reach $100 billion by 2020, with real estate as a significant contributor.
About 3Laws Robotics
3Laws Robotics is at the frontier of developing innovative software solutions to enhance the safety and reliability of robotics systems, including drones. The company aims to simplify the certification process, addressing a significant pain point for robotics companies. Its 3Laws Supervisor software Could potentially make the certification path easier, offering robust safety features and evidence of system robustness. Several applications of 3Laws' technology span various industries, with use cases like warehouse automation, human-robot interaction, and operation in dynamic environments. By enhancing operational efficiency and minimizing downtime, 3Laws empowers robotics to operate at their peak potential while ensuring safety. As a next-generation safety solution, 3Laws goes beyond traditional methods, providing a proactive, safety-certified approach that unlocks the full potential of robotics.